Forex Daily Forecast, Analysis and Prediction

The AUD/USD has fallen a bit during the trading session on Wednesday as the market continues to drift around the 0.69 level.

The GBP/USD price has room to rise and seems unwilling to fall further, with no key resistance levels overhead until $22,713.

The GBP/USD has fallen a bit during the trading session on Wednesday as we continue to see the US dollar strengthen against almost everything.

The ETH/USD has dipped a little bit during the trading session on Wednesday but found buyers on the dip to continue to hang around the 50 Day EMA.

The AUD/USD price retreated slightly ahead of the upcoming Jackson Hole Symposium in Wyoming and the second estimate of US GDP data.

The BTC/USD continues to go back and forth during the trading session on Wednesday as we continue to hang around the $21,500 level.

The GBP/USD price was in a tight range on Thursday morning as market participants waited for commentaries by Jerome Powell and Andrew Bailey.

The EUR/USD has been very noisy during the trading session on Wednesday as we continue to hover just below the parity level.

The NASDAQ 100 has done very little during the trading session on Wednesday as we continue to sit just above the 50 Day EMA.

The S&P 500 has rallied slightly during the trading session on Wednesday as we are waiting to see what Jerome Powell has to say on Friday.

The USD/ZAR has gone back and forth during the trading session on Wednesday as it looks like we are running out of momentum.

The WTI Crude Oil market rallied significantly during the trading session on Wednesday as we are now approaching the 200-Day EMA.

The US dollar has strengthened sharply in recent days and there are likely to be further gains if global stock markets decline further from recent highs, but this week's Jackson Hole Symposium will be the main domestic event for the US currency.

The price of gold maintained an advance as investors weighed on expectations for the path of the Federal Reserve's monetary policy tightening after new data indicated some weakness in the US economy.

The dollar held steady against the other major currencies on the back of safe-haven flows, while the euro hovered near a two-decade low as Europe grapples with energy supplies and broader concerns about economic growth.